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A method and system for producing dispersed waxes, including a high shear mechanical device. In one embodiment, the method comprises forming a dispersion of wax globules in a carrier liquid in a high shear device prior to implementation in a waxy product. In another instance the system for producing

A method and system for producing dispersed waxes, including a high shear mechanical device. In one embodiment, the method comprises forming a dispersion of wax globules in a carrier liquid in a high shear device prior to implementation in a waxy product. In another instance the system for producing waxy products comprises a high shear device for dispersing wax in a carrier liquid.

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1. A method for producing a wax product, comprising: operating a high shear device having at least one rotor/stator, configurable for a shear rate of at least 20,000 s−1;introducing wax and a carrier liquid into said high shear device;forming with the high shear device a dispersion of wax in a carri

1. A method for producing a wax product, comprising: operating a high shear device having at least one rotor/stator, configurable for a shear rate of at least 20,000 s−1;introducing wax and a carrier liquid into said high shear device;forming with the high shear device a dispersion of wax in a carrier liquid, wherein the wax comprises globules with an average diameter less than 500 microns;exposing the wax globules to maleic anhydride and a catalyst;quenching the dispersion below a wax melting point; andtransferring the quenched dispersion to a reactor, wherein wax is extracted from the carrier liquid in the reactor resulting in a dry wax product stream and a liquid product stream. 2. The method of claim 1 wherein introducing the wax to the high shear device comprises raising the temperature of the wax. 3. The method of claim 1 wherein the average diameter is also greater than 125 microns. 4. The method of claim 1, wherein the carrier liquid is water, and wherein the catalyst is peroxide. 5. The method of claim 1 wherein the dispersion comprises immiscible wax globules dispersed in the carrier liquid. 6. The method of claim 1, wherein the at least one rotor/stator is configured with a gap clearance therebetween in the range of about 0.025 mm to about 10.0 mm. 7. The method of claim 6 wherein the rotor/stator set operates at a shear rate of at least about 100,000 s−1. 8. The method of claim 1, wherein the carrier liquid is water. 9. The method of claim 1 further comprising heating the temperature of the wax to above about the wax melting temperature prior to introduction to the high shear device. 10. The method of claim 1, wherein the carrier liquid is water. 11. The method of claim 1, wherein the catalyst is peroxide catalyst. 12. The method of claim 1 further comprising using the dry wax product in drilling fluid. 13. The method of claim 1, wherein the wax is derived from palm, soybean, corn, castor, or canola. 14. The method of claim 1, wherein the high shear device is configured with a second rotor and a second stator configured therein, and wherein each of the second rotor and the second stator have a toothed surface. 15. The method of claim 14, wherein the second rotor and the second stator operate conjunctively at a shear rate greater than the at least one rotor/stator. 16. A method for producing a wax product, comprising: operating a high shear device having at least one rotor/stator, wherein the high shear device is configured to operate at a shear rate of at least 20,000 s−1;introducing wax and a carrier liquid into said high shear device; andforming with the high shear device a dispersion of wax in a carrier liquid, wherein the wax comprises globules with an average diameter less than 500 microns; andgrafting the wax globules by exposing the wax globules to maleic anhydride and a peroxide catalyst. 17. The method of claim 16 further comprising oxidizing the wax globules in the high shear device. 18. A method for producing a wax product, comprising: injecting wax into water to form a mixture consisting of wax and water;processing the mixture in a high shear device at a shear rate of at least 20,000 s−1 to form a processed mixture, wherein the processed mixture comprises wax globules with an average diameter less than 500 microns; andextracting wax from the processed mixture in a reactor resulting in the wax stream and a liquid product. 19. The method of claim 18, the method further comprising exposing the wax globules to maleic anhydride and a catalyst.